Tuesday, April 18, 2006

Job Openings

JOB OPENINGS AND LABOR TURNOVER: FEBRUARY 2006

The job openings, hires, and total separations rates were all essentially
unchanged in February, the Bureau of Labor Statistics of the U.S. Department
of Labor reported today. This release includes estimates of the number and
rate of job openings, hires, and separations for the total nonfarm sector by
industry and geographic region.

Job Openings

On the last business day of February 2006, there were 4.1 million job
openings in the United States, and the job openings rate was 2.9 percent.
The job openings rate was unchanged in February but has generally trended upward since September 2003. In February, the job openings rate did not change significantly in any industry or region.

Hires and Separations

The hires rate was unchanged at 3.7 percent in February. Hires are any additions to the payroll during the month. Over the month, the hires rate increased in the leisure and hospitality industry. The hires rate did not change significantly in any region.

The total separations, or turnover, rate was little changed at 3.3 per-
cent in February. Separations are terminations of employment that occur at any time during the month. In February, the total separations rate increased in the trade, transportation, and utilities industry. The total separations rate did not change significantly in any region.

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